SAN DIEGO PAWNBROKERS
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SECONDHAND DEALERS ASSOCIATION







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Our Welcome Dinner Will Be San
Diego Pawnbrokers and
Secondhand Dealers Association

Invites you to join us for and
informative evening and a
complementary dinner.
Topics to cover.
Law enforcement policy’s and
guidelines
Combating illegal gold buyers and
hotel buyers.
Date February 23rd, 2012
Time 6pm to 8pm

Location:

Marie Calendars
6950 Alvarado Rd. San Diego
Ca, 92120

Sponsored by San Diego Pawnbrokers
and Secondhand Dealers Assoc.


Please RSVP

by February 20th
2012@sd.pawnbrokers.assoc@live.com
Or Call Gary
619-540-2027





[Most Recent Quotes from www.kitco.com]
History of Pawn Broking

As mankind's oldest financial
institution, pawn broking
carries
on a
tradition with a rich history.
Pawn broking can
be traced back
at
least 3,000 years to ancient
China, and
has been found in the
earliest written histories of
Greek and
Roman civilizations.

During the middle Ages, certain
usury laws imposed by the
church prohibited the charging of
interest on loans, thus
limiting
pawn
broking to people who had
religious beliefs
outside of the
Church.
Out of economic
necessity, and
because of
problems in the
banking system,
pawnshops
made a resurgence in
later years.
The House of the Lombard
operated pawnshops throughout
Europe. Legend contends that
they even counted royalty,
such
as
King Edward III of England,
among their clients
during the
14th
century. The symbol of the
Lombard's'
operations was the
three
gold balls that still remains
the
trademark of pawnbrokers.

Pawning has long been a source
of capital for people in
times of
need, as well as a means of
financing business
ventures.

Historical Facts and Legends

Queen Isabella of Spain pawned
the crown jewels to finance
Columbus'
voyage to America.
The word pawn originates from the
Latin word "platinum"
which means cloth or clothing.
The French word "pan"
refers to a skirt or blouse.
In the early centuries, the
principle
assets people had were their
clothes
and borrowed money
by pawning their clothing.

The nursery rhyme
"Pop Goes The Weasel"
refers to pawning. A weasel is a
shoemaker's tool and to "pop"
is to pawn. "That's the way the
money goes... Pop goes the
weasel."

There are several versions of this
famous nursery rhyme.
We present our favorite
for your enjoyment.

The monkey chased the weasel,
The monkey thought 'twas all in
fun,
Pop! Goes the weasel.

A penny for a spool of thread
A penny for a needle,
That's the way the money goes,
Pop! Goes the weasel.

A half a pound of tupenny rice,
A half a pound of treacle,
Mix it up and make it nice,
Pop! Goes the weasel.

Up and down the London road,
In and out of the Eagle,
That's the way the money goes,
Pop! Goes the weasel.

I've no time to plead and pine,
I've no time to wheedle,
Kiss me quick and then I'm gone,
Pop! Goes the weasel.

The Legendary Origins of the
Pawnbroker Symbol

The Least Known Legend

One of the least known origins
that have been researched is
the
coin known as the "Silver Shekel"
or "Shekel of Israel"
which was
issued in A.D. 68 after a Jewish
revolt against the
Romans. One
side of the coin depicted three
pomegranates,
with a common
stalk.

The Traditional Legend of the
Three Balls

The symbol of the three balls was
part of the coat of arms of
the
Medici family, who established
the Medici trading and
banking
empire in Florence, Italy. The
Medici’s were a 15th
century
Italian
family of bankers and
lenders, with
considerable fame
and fortune.

They became so well known in
the finance and lending
profession that the other lenders,
wanting to share in their
success, adopted similar coats of
arms, signs, shields and
symbols, with three golden balls
being the most popular.

Once other merchants involved in
monetary dealing adopted
the
three golden balls as their
symbol, the three balls came
to
symbolize the entire profession
founded on the ethic of
mutual
trust.

Throughout the middle ages you
can find many coats of
arms
bearing three balls, orbs, plates,
disks, coins, and
more as
symbolic of monetary success.

When Italian bankers began to
open branches abroad, the
symbol of the three golden balls
spread to the European
west. It is
known
that there was pawn
broking in Spain
because Queen
Isabella
pawned some of her
royal jewels to
finance Columbus'
long
voyage to the New World. I
wonder
if the pawnbroker who
made
that loan knew just what he
was
starting?

The symbol of the three golden
balls was brought to the
United
States from England, where
pawnbrokers s
t